There are certain upgrades you can make to your home that may improve your living situation but will not improve the home’s value.
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If you have any questions about these tips, don’t hesitate to give me a call or shoot me an email. I’d love to talk further with you.
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We talk a lot about what does help the value of your home, but here are seven things that do not help the value of your home:
- Extensive professional landscaping. There’s a difference between getting your home’s landscaping up to snuff for a future sale and doing extensive rock walls and water features. You will not see that money back when you sell your home.
- Upgrading electrical or plumbing in an old home. While this might have great value to those who live there and improve the overall cost of ownership by making these upgrades, you won’t see this money back in an appraisal.
- New home necessities. Having a new roof, gutters, HVAC system, etc. can be a plus for a buyer, but they won’t necessarily give you extra value for those items.
- Swimming pools and personal spas. You will pretty much never see extra money in an offer for a pool, especially here in Utah where our climate only allows for the use of a pool for three to four months out of the year.
- Making dated improvements. You don’t want to update your home with brass fixtures, even if they may be to your taste. On the opposite end of the spectrum, you don’t want to do anything too trendy either.
- Painting your home. Your home does need to be painted from time to time, but you’re not going to get all your money back from any paint job.
- Solar panels. Although this is a nice, earth-friendly thing to do, we haven’t seen solar panels increase value on homes or make any impact on appraisals here in Utah.
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You will almost never see extra money in an offer for a pool.
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If you have any questions about these tips, don’t hesitate to give me a call or shoot me an email. I’d love to talk further with you.
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